This Direxion fund, officially named the Daily MSCI Emerging Markets ex China Bull 2X Shares, is designed with the goal of delivering daily investment returns equivalent to 200% (or double) the performance of its benchmark, the MSCI Emerging Markets ex China Index. This target is measured before any management fees or operating expenses are deducted. Nevertheless, it is important for investors to understand that the fund does not guarantee it will consistently achieve this specific daily investment objective.